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Gov't to embrace advanced technologies to develop sports industry

2013/12/02 10:46

By Yoo Jee-ho

SEOUL, Dec. 2 (Yonhap) -- The government on Monday laid out a five-year plan to develop the national sports industry, saying it will try to capitalize on the country's advanced technologies to turn the industry into a growth engine for the future.

The Ministry of Culture, Sports and Tourism said it will look to expand the size of its sports business from the current 3.7 trillion won (US$3.5 billion) to up to 5.3 trillion won by year 2018, combining elements of advanced information technology (IT) and other scientific technologies with sports.